Client Story
JobRad Leasing has achieved sustainable business growth through a successful financing transaction facilitated by BearingPoint’s Securitization as a Service solution.
JobRad Leasing GmbH was searching for a strategic and long-term refinancing solution to support their leasing business growth. By utilizing BearingPoint's Securitization as a Service solution, the German company has optimized data management, reporting, efficiency, quality assurance, and regulatory compliance.
JobRad Leasing GmbH offers bicycle and e-bike leasing to promote eco-friendly transport, serving around 1.5 million customers through a network of partner bike shops. To support its leasing offer, the company opted for asset-based refinancing through securitization.
Securitization is instrumental in managing liquidity by pooling financial assets such as loans, leases and trade receivables to create asset-backed commercial paper (ABCP). However, building a portfolio of assets eligible for ABCP requires processing data from multiple sources, complying with reporting standards and meeting eligibility criteria. For its first securitization transaction, the company wanted to streamline the process and improve the development of the asset portfolio while upholding JobRad Group's commitment to digitalization and efficiency.
BearingPoint assisted JobRad Leasing in developing bespoke solutions for effective management of securitization transactions, ensuring compliance with market transparency standards.
Through the Securitization as a Service solution, JobRad Leasing has streamlined its operations and reduced time and resource inefficiencies. The company now has quick access to necessary reports and has improved liquidity management and risk mitigation. With enhanced data visibility and compliance capabilities, JobRad Leasing can effectively address investor transparency requirements and meet reporting standards set by ESMA.
